Question

The simple interest on a certain sum of money at 10% per annum is rupees 6000 in 2 years find the sum

Answer 1

Step-by-step explanation:

principal is equal to X

rate of interest 10% per annum time is equal to 2 years

simple interest equal to (P*R*T)/100=6000

=(X*2*10)/100=6000

X=(6000*100)/(2*10)

X=600000/20

X=30000

so,principal is equal to rupees 30,000